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Microsoft to buy Logitech?
Rumours have been floating around that Microsoft may be in for buying Logitech.
Reuters is reporting that Logitech's stocks started to rise quite a bit after several traders started speculating that the console giant might be in to take over the peripherals company.
Reuters is reporting that Logitech's stocks started to rise quite a bit after several traders started speculating that the console giant might be in to take over the peripherals company.
Traders said rumors circulated that Logitech, with a market capitalization of about 7 billion Swiss francs ($6.3 billion), would receive a takeover bid at 48 francs per share from Microsoft.
This would be a premium of 38 percent to Wednesday's 34.80-franc closing price and value it at 9.16 billion francs
Official statements from both companies were a very clear "no comment", but Logitech's largest shareholder and board member did say that he doesn't really believe itThis would be a premium of 38 percent to Wednesday's 34.80-franc closing price and value it at 9.16 billion francs
"I am a co-founder of Logitech. Would you be willing to sell your child?" Borel told Reuters in an interview.
"I have no reason to sell. But I will not be the one to decide. I own only some 6 percent so I will neither enable nor prevent a sale of Logitech."
"I have no reason to sell. But I will not be the one to decide. I own only some 6 percent so I will neither enable nor prevent a sale of Logitech."
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